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The determinants of intrafirm trade: evidence from French firms

Corcos, Gregory; Irac, Delphine M.; Mion, Giordano; … - London School of Economics (LSE) - 2013

How well does the theory of the firm explain the choice between intrafirm and arms' length trade? This paper uses firm-level import data from France to look into this question. We find support for three key predictions of property-rights theories of the multinational firm. Intrafirm imports are...

Persistent link: https://www.econbiz.de/10011125894

What is 'firm heterogeneity' in trade models? The role of quality, scope, markups and cost

Hottman, Colin; Redding, Stephen; Weinstein, David E. - London School of Economics (LSE) - 2014

We estimate a structural model of heterogeneous multiproduct firms to examine the sources of firm heterogeneity emphasized in the recent trade and macro literatures. Using Nielsen barcode data on prices and sales, we estimate elasticities of substitution within and between firms, and use the...

Persistent link: https://www.econbiz.de/10011125980

Dynamic selection: an idea flows theory of entry, trade and growth

Sampson, Thomas - London School of Economics (LSE) - 2014

This paper develops an idea flows theory of trade and growth with heterogeneous firms. New firms learn from incumbent firms, but the diffusion technology ensures entrants learn not only from frontier technologies, but from the entire technology distribution. By shifting the productivity...

Persistent link: https://www.econbiz.de/10011126735

Trade, wages and productivity

Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - London School of Economics (LSE) - 2009

We develop a new general equilibrium model of monopolistic competition with heterogeneous firms, variable demand elasticity and multiple asymmetric regions, in which trade integration induces wage and productivity changes. Using Canada-US interregional trade data, we structurally estimate a...

Persistent link: https://www.econbiz.de/10011071191

Trade, technology adoption and wage inequalities: theory and evidence

Bas, Maria - London School of Economics (LSE) - 2008

This paper develops a model of trade that features heterogeneous firms, technology choice and different types of skilled labor in a general equilibrium framework. Its main contribution is to explain the impact of trade integration on technology adoption and wage inequalities. It also provides...

Persistent link: https://www.econbiz.de/10010744963

Heterogeneous firms and trade

Melitz, Marc J.; Redding, Stephen J. - London School of Economics (LSE) - 2012

This paper reviews the new approach to international trade based on firm heterogeneity in differentiated product markets. This approach explains a variety of features exhibited in disaggregated trade data, including the higher productivity of exporters relative to non-exporters, within-industry...

Persistent link: https://www.econbiz.de/10010745182

The impact of trade on aggregate productivity and welfare with heterogeneous firms and business cycle uncertainty

Thia, Jang Ping - London School of Economics (LSE) - 2008

This paper presents a model with monopolistic competition, productively heterogeneous firms, and business cycle aggregate shocks. With firm-specific productive heterogeneity, weaker firms quit when faced with a negative aggregate shock. Consequently, trade does not always increase firm-level...

Persistent link: https://www.econbiz.de/10010745558

Why capital does not migrate to the south: a new economic geography perspective

Thia, Jang Ping - London School of Economics (LSE) - 2008

This paper explains why capital does not flow from the North to the South - the Lucas Paradox - with a New Economic Geography model that incorporates mobile capital, immobile labour, and productively heterogeneous firms. In contrast to neoclassical theories, the results show that even a small...

Persistent link: https://www.econbiz.de/10010746716

Urban development and air pollution: evidence from a global panel of cities

Hilber, Christian A. L.; Palmer, Charles - London School of Economics (LSE) - 2014

identify the determinants of within-city changes in air pollution concentration between 2005 and 2011. Increasing car and … population densities significantly reduce air pollution concentration in city centers where air pollution induced health risks … favour of (ii). We also observe a complex relationship between income and pollution concentration as well as a general …

Persistent link: https://www.econbiz.de/10011277212

Does public investment spur the land market?: evidence from transport improvement in Beijing

Wu, Wenjie - London School of Economics (LSE) - 2012

policy making in China. …

Persistent link: https://www.econbiz.de/10011125946